Santander Consumer Finance commits to three-year remarketing deal with Manheim
Santander Consumer Finance (SCF) has agreed a new, three-year extension to its 19-year remarketing partnership with global vehicle remarketing provider, Manheim.
The agreement enables the continuation of a previous partnership between the companies that began in 2002 and will see 80% of remarketing volume sold through Manheim’s UK auction sites. More than 20,000 vehicles will be sold across Bristol, Colchester, Mansfield, Washington (Tyne and Wear) and Manchester during the three-year period.
Vik Hill, CEO at SCF said: “The existing long-term relationship and strong performance between Santander Consumer Finance and Manheim led to the contract extension. Manheim have enabled us to establish a successful auction programme with a strong buyer following.”
Liam Quegan, managing director of Manheim Auction Services, added: “We’re proud of the partnership with Santander Consumer Finance. We’ve both enjoyed nearly two decades of collaboration and performance success and that’s the primary reason why we both gladly extended the contract for another three years.
“Manheim auctions tens of thousands of used vehicles every year and without trusted partners like Santander Consumer Finance, this simply wouldn’t be possible. We look forward to what the future brings out of this partnership.”